Housing Market Getting to Normal

A recent survey of 100 real estate experts and economists by the real estate data website Zillow found that 40% of them believe that a more normal housing market is still three to five years away, based on current home price trends and home buyer activity. A third of respondents were more optimistic, stating they believed the market will stabilize in the next one to two years and a smaller group (20%) believed the housing market has already returned to normal or will within the next 12 months.

Low rates of new household formation were considered to be the main factor holding up the housing recovery and the slow pace was attributed to the lackluster speed of economic recovery.

Delays in making lifestyle changes at both ends of the adult spectrum were also highlighted in the Zillow report. The perception is that “millennials” are holding off on making major commitments, including marriage, parenthood and home ownership, while “baby boomers” nearing retirement age are opting to stay in their current homes longer thereby limiting the nation’s inventory of available homes.

“We’ve reached a point in the recovery where the only real cure-all is time,” Zillow Chief Economist Dr. Stan Humphries said. “The landscape is slowly changing, as incomes begin to grow, negative equity fades and new households start to form. These shifts won’t occur overnight, but they are happening. Patience will be a virtue over the next few years as we wait for these traditional fundamentals to more fully take hold in the market.”

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Jeff helped me find the land, get the plans and permits, and help me build my home, and later my garage. He is just a good guy, I always recommend him to my friends and family.

Craig Turner, Redding, CA

“He gets the job done”I have worked as Jeff’s lender for several years. He is the consummate professional, puts his clients first and always takes a team approach to real estate transactions. I highly recommend him for your real estate needs.

Brad L’Engle, Esq. Senior Mortgage Consultant

I retired from Pac Bell after 30 years and my investment income was flat to non-existent. I have been investing in homes with Jeff for the last year and a half and I’m actually seeing my investment grow, and receiving additional income. He is always available to answer my questions, and is consistently transparent with his bookkeeping and the quarterly statements he sends me.

Lynn Lee, Ramona, CA

In the four years we worked together I have never heard anyone say anything but wonderful things about Jeff's work and professionalism.

Renee Difuntorum, Property Manager, Rancho Cordova, CA

Jeff takes the time to do his research, he has patiently guided me through the home buying and selling process on two of my homes and investment properties, successfully each time. He is professional, and competent, and he leverages his years of experience in both the Real Estate and Construction industry to assure the best outcome.

J. Martinez, El Dorado Hills,

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